21shares Launches 21Shares 2x Long Dogecoin ETF (TXXD)

Core Viewpoint - 21Shares has launched the 21Shares 2x Long Dogecoin ETF (Ticker: TXXD), providing investors with leveraged exposure to Dogecoin, which will begin trading on NASDAQ on November 20, 2025 [1][2][5]. Company Overview - 21Shares is a leading issuer of cryptocurrency exchange-traded funds (ETFs) and aims to bridge the gap between traditional finance and decentralized finance [7]. - The company has a history of innovation, having launched the world's first physically-backed crypto ETP in 2018 and has a suite of crypto ETPs listed on major exchanges [7]. - 21Shares is now a subsidiary of FalconX, a prominent digital asset prime brokerage [8]. Product Details - The 21Shares 2x Long Dogecoin ETF is designed to provide investors with twice the daily performance of Dogecoin (DOGE), before fees and expenses [2][5]. - The ETF has a management fee of 1.89% and is structured to be purchased through banks or brokers [3]. - The ETF is a result of a partnership with the House of Doge, which is the official corporate arm of the Dogecoin Foundation, highlighting the collaboration to enhance the Dogecoin ecosystem [3][9]. Market Context - Dogecoin's ecosystem is evolving, with major companies like Tesla and AMC Theatres accepting it for payments, indicating growing merchant adoption [4]. - The community behind Dogecoin promotes initiatives that emphasize social impact and financial inclusion, showcasing its cultural relevance [4]. Strategic Goals - The launch of the ETF reflects the commitment of 21Shares and the House of Doge to support the Dogecoin community and expand investment opportunities within the ecosystem [5]. - The ETF aims to provide a regulated and transparent investment vehicle for those looking to participate in the growth of Dogecoin [5].